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month what india takes in every year and still, it only grows two percentage points faster than india. in other words, if you think about the quality of chinese growth, it's not as impressive as it appears. it is massive investment, a huge number of airports, eight- lane highways, a high-speed rail that's being built and if you look at what you are getting out of it in terms of the return on investment it is not as impressive. the un just came out with a report indicating that china is going to have a demographic collapse over the next 25 years. it is going to lose 400 million people. there is no point in human history in which you have had a dominant power in the world that is also declining demographically. it simply doesn't happen. and if you want to look at what a country in demographic decline looks like, look at japan and ask yourself how powerful it is. even if china were the largest economy in the world, those numbers are all based on something called purchasing power parody, where china's gdp gets inflated because the cost of a haircut in beijing is less than the cost of one
property bubble. they take in this foreign investment every month when india takes in every year and still it only grows two percentage points faster than india. if you think about the quality of chinese growth it's not as impressive as it appears. massive investment. a huge number of airports, high speed rail. if you look at what you're getting out have -- of it in terms of return on investment, not as impressive. china has a huge problem. the u.n. came out with a report that pointed out that china is going to have a demographic clams over the next years. it is going to lose 400 million. there is no point in human history in which you've had a dominant power in the world that is also declining demographically. simply doesn't happen. if you want to see what a country in decline looks like look at japan and ask yourself how powerful is it? china's g.d.p. gets inflated because the cost of a haircut in beijing is less than one in toronto. but g.d.p. depends on foreign aid and oil and international investments and aircraft carriers and for all of that you need real hard currency and that adjus
enough. it's one that has a lot of acceptance in a lot of the world which china, india, brazil, and south africa accept make it work. >> rose: in your opinion china, >> >> yes. >> rose: you came away with what sense of their ambition? >> well, this is clearly a country with an enormous national will to... >> rose: solve internal problems? >> to develop, to become wealthy and powerful and to overcome what they see as a century and a half of national humiliation at the hands of the west. that's a huge drive. how it does that i think this is a country which sees many options and could go several different ways. i mean, the one thing almost everyone you speak in china agrees on the it's not going to have the same system in 20 year's time that it has today. whereas in the united states you think you have basically the same system that you've had for a few centuries and more. >> i think ai wei wei had said this. that you do not expect reform to comele from the generation that's now takingower that replaces hu jintao and wen jiabao but you expect genuine reform to come from the next generation,
. that will take secretary clinton to greece, then to india, indonesia, and china over the next 12 days. >>> the president is pushing the pause button on the debt debate. just 19 days remain until the u.s. hits the debt ceiling and triggers at least a partial default. president obama scheduled the address -- is scheduled to address the nation at 11:00 a.m. eastern and we'll cover that live. >> no negotiations planned today after five meetings in five days leaders have been told to talk to their colleagues and figure out how to move the process forward. the president is prepared to reconvene the debt talks on saturday. >>> while nobody is sounding very optimistic about a deal, there is a possible compromise in the works. >> the senate's two top leaders, democrat harry reid and republican mitch mcconnell are working on a fallback plan, the compromised deal that would give the president enhanced authority to raise the debt limit with procedures attached that could lead to spending cuts. >> we don't have it worked out yet, but it's something that we're looking to. hopefully we can come up w
and they are going to do it at a lower cost. we have to compete with india, china, japan and indonesia and viet na -- vietnam. if we don't, other businesses will compete abroad. a lot of those jobs that those positions were held by african americans. we need to retool the american work force and let me tell you why there are numbers that are disproportionate with african americans. i don't want people doing what they did in the last 400 years. they say because they don't want to work and we have heard that unfortunately over the years. the only reason we know what the numbers are are because those are the individuals who are out seeking work and that's how we know that the unemployment numbers are what theyr but keep in mind, nobody probably thinks about this, every time you read about a state laying off workers , a municipality laying off firefighters or police officers or if you find any government agency laying off, it means that the number of african americans who are unemployed will rise and the reason for that is african americans disproportionately seek work in the government. we have done
Search Results 0 to 12 of about 13 (some duplicates have been removed)